Letter: Climate change costs

Letter: Climate change costs

The World Bank has released frightening estimates of the cost of global warming to future generations.

When will we start to give credit to our Prime Minister for taking some, albeit small and low-cost, initial steps for Australia to play its part in managing this problem?

While perhaps the introduction of a carbon tax did involve breaking a commitment unwisely given, both the scientific and economic work shows that the action taken by the Prime Minister was the right one for Australia if it is to play its part in world action to manage climate change.

While there are good arguments that the structure of the tax could be improved, it is incontestable that within a free market economy putting a price on carbon is the right way to address the problem.